Labor productivity in Turkey, Spain, Belgium, Austria, Switzerland, and New Zealand has been analyzed and modeled. These counties extend the previously analyzed set of the US, UK, Japan, France, Italy, and Canada. Modelling is based on the link between the rate of labor participation and real...

In the article the authors attempted to develop the neoclassical model of economic growth, repealing two assumptions regarding the Solow growth model. First of all, the authors assume that the growth path of the number of employees is increasing asymptotically to a fixed value, not to infinity...

Labour productivity is defined as real gross domestic product (GDP) per hour worked. This captures the use of labour inputs better than just output per employee, with labour input defined as total hours worked by all persons involved. The data are derived as average hours worked multiplied by...